Avala Resources Ltd.

Avala Resources Ltd.

May 29, 2015 09:28 ET

Avala Resources Reports on AGM and Option Grants

LONGUEUIL, QUÉBEC--(Marketwired - May 29, 2015) - Avala Resources Ltd. (TSX VENTURE:AVZ) is pleased to report that all items of business on the agenda of its annual general and special meeting of shareholders held on May 28, 2015 were approved including the re-election of the seven directors, the re-appointment of the independent auditors, and the confirmation of the stock option plan.

Avala also announces that, subject to regulatory approval, it has granted an aggregate of 125,000 stock options to non-executive directors, following their re-election to the board of directors at the meeting. The options are exercisable at a price of $0.05 for a period of five years from the date of grant.

About Avala Resources Ltd.: Avala Resources is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in the Republic of Serbia. Additional information about the Company is available through regular filings and press releases on SEDAR (www.sedar.com) and on the Company's website at www.avalaresources.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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